Becoming a millionaire may seem like a daunting task, but with careful planning and a long-term perspective, it is possible to reach this financial milestone. One way to work towards becoming a millionaire is by saving and investing through the Thrift Savings Plan...
Navigating the changes in the Thrift Savings Plan (TSP) brought about by the SECURE 2.0 Act might seem complex, but with the right knowledge and strategy, you can confidently prepare for a secure retirement. Adapting to Changes: What Federal Employees Need to Know The...
Preparing for long-term care expenses is an important part of your retirement planning process. It’s not an enjoyable topic to discuss, but it is necessary. In the US, someone who turns 65 today has a 70% chance of needing some type of long-term care as they...
You did it! You completed your federal career and have transitioned into retirement. A hearty congratulations are in order. You worked hard, and now a new journey begins. With that journey comes a few decisions about your benefits. The topics below cover the main...
Determining Retirement Qualifications Monthly Annuity Pension Your FERS or CSRS monthly annuity is also referred to as your pension. It’s the first of three paychecks that make up your retirement income. Your pension is determined by your paycheck and years of service...
When determining your FERS pension, you will need to calculate your High-3 Salary is a very important part of your FERS pension calculation. Your High-3 Salary is the highest average of BASIC pay you earned during any 3 consecutive years of Federal service. Your...
